Eastern Virginia Bankshares Technical Analysis (NASDAQ:EVBS)

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$8.26 $0.08 (0.98%) EVBS stock closing price Oct 26, 2016 (Closing)

Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Eastern Virginia Bankshares stock price data and volume are plotted in EVBS stock charts and these trading charts form the basis of technical analysis.

View technical indicators like moving averages (SMA and EMA), and bollinger bands for Eastern Virginia Bankshares. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Eastern Virginia Bankshares stock analysis using these technical indicators helps identify trading opportunities.

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Eastern Virginia Bankshares Moving Average:

EVBS stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Eastern Virginia Bankshares chart patterns after the calculations remain the same. The 100 day moving average of 1.73 is below the last closing price of 8.18. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Eastern Virginia Bankshares are mostly signals of long term trends and will help long term traders.

Eastern Virginia Bankshares Bollinger Bands:

Bollinger bands consist of two price bands above and below a center line for any company stock like Eastern Virginia Bankshares. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Eastern Virginia Bankshares bollinger bands show that the stock price is $8.18, upper band is 7.3, lower band is 6.88, and the average is 7.09.

Eastern Virginia Bankshares Moving Average Convergence Divergence or MACD:

The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price.   The Eastern Virginia Bankshares MACD indicator is above 0 indicating a bullish trend.

Eastern Virginia Bankshares Relative Strength Index:

The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements.   If the RSI of EVBS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .

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